Bhubaneswar, Oct 22: The Orissa government, faced with a tight financial situation, has urged the centre to release the state's share in central taxes for November in advance. Expenditure on payment of salary, pension and also the outgo on relief, restoration as well as developmental expenditure during the current month had absorbed all resources and the government had to take recourse to ways and means advance and overdraft from the Reserve Bank of India , an official release said here today.
The state government account with the RBI was overdrawn in the second fortnight of September last. This overdraft was cleared on september 30 with release of ways and means advance of Rs 200 crore, it said.
Share in central taxes and normal central assistance for state plan for October were availed of earlier in advance.
On October one last, the centre released Rs 74.89 crore towards loan against small savings collection made in July last out of which Rs 22.47 crore was deducted towards repayment of high cost loan and the net cash receipts of the state government on this account reducing the same to Rs 52.42 crore, the release said.
Apart from this, the central government also released Rs 54.43 crore as grant from the National Calamity Contingency Fund on October 08 last.
Bureau Report